Last Updated: 04/18/2025
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Highlights
Credit Score Range
Starting at 619
Amount Range
N/A
Loan Term (Years)
5 - 30
First Mortgage Direct Review
First Mortgage Direct is offered by First Mortgage Direct (NMLS #244476), a direct lender founded in 2008 and based in Kansas, MO. First Mortgage Direct are available in 50 states and Washington, DC.
Key Takeaways
- Only offers one mortgage pogram. First Mortgage Direct only provides FHA mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. First Mortgage Direct offers adjustable-rate mortgages and fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Fair credit accepted. Borrowers with a credit score as low as 619 may qualify for First Mortgage Direct.
First Mortgage Direct Pros & Cons
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First Mortgage Direct FAQ
What is the maximum loan term you can get with First Mortgage Direct?
First Mortgage Direct offers mortgages with terms ranging from 5 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does First Mortgage Direct offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, First Mortgage Direct may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, First Mortgage Direct offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
What property usage types does First Mortgage Direct allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Mortgage Direct allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for First Mortgage Direct is (855) 222-5102.
What is the support contact email?
The support contact email for is info@fmdloans.com.
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Contact
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Hours of Operation
SundayClosedMonday8:00AM - 5:00PMTuesday8:00AM - 5:00PMWednesday8:00AM - 5:00PMThursday8:00AM - 5:00PMFriday8:00AM - 5:00PMSaturdayClosed
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SuperMoney Net Recommendation Score
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First Mortgage Direct Community Reviews
Would you recommend First Mortgage Direct to your friends?
AL
Amanda L.
Sep 1, 2022
May or may not recommend
They quoted you with low rate then once you signed the contract with them, the loan officer wouldn't return your calls. The company was not responsible for what their loan officer's mistake. Lack of communication internally too. They would ask you for the same documents over and over. Even their loan officer say there is a huge communication problem inside the company and lack of support ...Show More
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